To
All Members of IIBX,
Subject: Own, Client and Settlement Accounts with multiple Clearing Banks
At present IIBX has three IBU Banks empaneled as Clearing Banks viz., ICICI Bank Limited, HDFC Bank Limited and Axis Bank Limited.
Members are hereby permitted to open Own, Client and Settlement Accounts with all the Clearing Banks empaneled with IIBX. It is to be noted that the accounts with the Clearing Banks are to be opened in the nomenclature of “<Name of the Member> - IIBX Own account”, “<Name of the Member> - IIBX Client account” and “<Name of the Member> - IIBX Settlement account”. As soon as these accounts are opened with the Clearing Banks, the proof of the accounts opened with the details of the accounts, are to be shared with the IIBX Membership Department.
Maintaining the above-mentioned accounts with multiple Clearing Banks shall simplify early pay-in of funds from the domestic AD Banks to the Clearing Banks of IIBX.
For any assistance
/
clarifications, Members may contact:
|
Sr. No
|
Official’s Name
|
Phone
|
|
1
|
Nikhil Shah
|
079-69697121
|
|
2
|
Iyer Venkita Subramani
|
079-69697122
|
|
3
|
Adil Rana
|
079-69697142
|
For and on behalf of India International Bullion Exchange (IFSC) Limited
Mr. Vinod Ramachandran
Head Clearing & Settlement Operations and Risk Management
Contact No. 079-69697123
Email:
cs.ops@iibx.co.in